Health expenditure in Chile has shown a consistent upward trend over the last decade, as indicated by its steady rise from 7.53% of GDP in 2013 to 8.55% in 2023. This represents a modest CAGR of around 1.08% over the last five years. The rate of year-on-year increase has slightly diminished, from a peak of 4.05% in 2013 to 1.01% in 2023.

Projected data suggest that health expenditure will continue to grow, reaching 8.95% of GDP by 2028. This would reflect a lower CAGR of 0.73% over the next five years, indicating a deceleration in the rate of increase.

**Future trends to watch for:**

Potential impact of new health policies and reforms on expenditure levels.
Advancements in medical technology and its influence on costs.
Demographic shifts, such as an aging population, contributing to higher healthcare needs.
Economic factors, including GDP growth and inflation, affecting health budget allocation.